BuySellBlogBrowse Listings
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
842 NW 1st Ave, Fort Lauderdale FL 33311
Florida>Fort Lauderdale>Progresso Village

842 NW 1st AveFort Lauderdale, FL 33311

For Sale

$2,050,000

Smart Buyer Rebate $20,500

Prime 8-unit multifamily in booming Downtown Fort Lauderdale, just off Andrews Ave and Sunrise Blvd in Progresso Village. Fully stabilized with spacious 1-bed/1-bath units featuring modern interiors, impact doors, separate meters, and extensive updates including new kitchens, doors, vanities, light fixtures, cabinets, stone counters, and walk-in closets. Fully leased at $1,750/month on Section 8, providing secure income from day one, with pro forma rents of $1,900+. The 10,000 SF lot (zoned RMM-25 and being rezoned to NW RAC) offers future potential to double the unit count. Rare seller financing at 5.5% interest-only makes this a standout cash flow and redevelopment opportunity in Fort Lauderdale’s fastest-growing corridor.

Listed by Elior Levi

·

License #3574869

·

Fausto Commercial Realty Consultants Inc

·

954-743-7594

Last updated July 06, 2025

·

Source: MIAMIRE #A11831358

Listing Facts

  • TypeMulti-family
  • NeighborhoodProgresso Village
  • Days on Prevu67
  • Taxes$20,453/year
  • Size4,753 sqft
  • Price per sqft$431

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

07/05/2025
Listed by Fausto Commercial Realty Consultants Inc
$2,050,000

Property Details for 842 NW 1st Ave

Association

General

  • Number Of Units In Community: 1

Exterior

Construction

  • Number Of Units Total: 8
  • Roof: Built-Up, Shingle
  • Stories: 2
  • Stories Total: 2
  • Structure Type: Quadruplex, Fourplex
  • Year Built: 1973
  • Year Built Details: Resale
  • Architectural Style: Detached
  • Building Name: PROGRESSO
  • Construction Materials: Concrete Block Construction, CBS Construction

Measurements

  • Building Area Total: 4,753
  • Building Area Units: Square Feet
  • Lot Features: Less Than 1/4 Acre Lot
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 494234063170
  • Tax Annual Amount: $20,453.00
  • Tax Year: 2024

Interior

Features

  • Flooring: Other, Tile

Measurements

  • Living Area: 4,753
  • Living Area Units: Square Feet

Other

Location

  • Subdivision Name: PROGRESSO

Parking

Parking

  • Parking Total: 11

Utilities

Equipment

  • Cooling: Other
  • Has Cooling: Yes
  • Heating: Other
  • Has Heating: Yes
  • Sewer: Public Sewer

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.